Estonia posts EU's second highest annual inflation in May

15.06.2012, 09:24

In May, Estonia posted the second-highest annual inflation among the EU27 and the highest inflation among eurozone members.

Hungary had the EU's highest inflation in May at 5.4 percent, followed by Estonia with 4.1 percent, Cyprus with 3.7 percent and Malta with 3.7 percent, according to latest data from the EU statistical office Eurostat.

Latvia’s annual inflation in May was 2.3 percent.

The EU's lowest annual inflation in May was recorded in Sweden (0.9 percent), Greece (0.9 percent), Bulgaria (1.8 percent), and Ireland (1.9 percent).

Average inflation in the EU was 2.6 percent in May, down from 2.7 percent in April.

Annual inflation in the eurozone was 2.4 percent in May, and 2.6 percent in April.

Consumer prices in Latvia increased stayed the same in May when compared to April, while Lithuania saw a 0.1 percent increase and Estonia a 0.2 percent increase.

Estonia posted eurozone’s highest inflation also for the whole 2011. The country has posted eurozone’s highest inflation since January 2012.